Oracle Proves Analysts Wrong
Posted on September 19, 2008 at 21:49 PM EDT
Oracle Corp (ORCL) soared 8% on heavy volume a day after the software maker posted a 19% jump in quarterly profit, impressive results in a tough environment. Analysts had expected the company’s business management applications PeopleSoft and Siebel to suffer in the ongoing credit crunch. Oracle’s first-quarter income increased to 29 cents a share before [...]